BEACHFRONT HOME IN FLORIDA: STILL AFFORDABLE?

 BEACHFRONT HOME IN FLORIDA: STILL AFFORDABLE?

Buying a beachfront home in Florida is the dream of millions of people who have fallen under the spell of these heavenly landscapes.

However, in recent years, the Sunshine State market has been particularly hot. Prices have generally climbed, with beach houses experiencing the highest demand.

A beachfront home in Florida is a unique and rare commodity by definition.

So, whether for a primary or secondary residence, buying this type of property is a good investment.

Obviously, the popularity of certain areas and the resulting demand makes this type of project unaffordable for many investors.

However, far from preconceived ideas, we will see that with some knowledge and motivation it is still possible to benefit from opportunities.

Florida seaside house

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$270,000 for a house between Palm Beach and Miami

We're talking about a small city that you probably don't know, located between the very popular ones: Miami and West Palm Beach.

This is Deerfield Beach, where the median home price is still below $3 million, according to Realtor.com .

By comparison, the median sales price of homes in the United States in the first quarter of 2023 is $436,800.

The average home price in Florida is $383,000.)

Deerfield Beach is a bit of a hidden gem and offers the benefits of beachfront living at an affordable price.

There's a lot of variety when it comes to homes. As a result, you'll find more expensive homes right on the waterfront, as well as cheaper options further inland.

Take a look because Deerfield Beach fits many buyers' preferences and budgets.

It is obviously an excellent holiday destination, with a variety of activities and natural sites.

Finally, we can also mention Delray Beach. It was named the most fun small town in America by Rand McNally's Best of the Road in 2012.

Its Atlantic Dunes Park, Delray Municipal Beach, golf course, tennis court, and arts community attract around 1 million tourists each year, according to the Downtown Development Authority.

It is also an excellent option for small budgets.

Tampa Real Estate Guide 2023

Pensacola, Florida

The median home price is $247,364.

A city with over five centuries of history, Pensacola offers some of the most unique shopping and culture in Florida.

Its main attraction obviously remains its fine sandy beaches typical of the f It is also home to the National Naval Aviation Museum, the Blue Angels naval aerobatic team and where all the navy pilots train.

This Gulf Coast city, known as the "City of Five Flags," is well known for its laid-back, family-friendly atmosphere.

The most beautiful beaches on the west coast of Florida

Port Charlotte: Home on Florida's West Coast

As a last option for buying a beachfront home in Florida, here is an area that may meet your criteria.

Port Charlotte and its surrounding area offer a unique location on the Gulf of Mexico. Further north, you'll also find the city of Sarasota, which is one of those cities offering great opportunities ( read the article here ).

The median home sale price in Port Charlotte is $320,000. The market has been relatively strong for several years, but with recent interest rate increases, the number of days before closing has increased in recent months. This is good news for buyers.

You are in a position where you may be able to negotiate your property.

The region's climate is incredibly mild year-round, making it a favorite destination for snowbirds.

Outside of the busy season, when thousands of vacationers flock to the area, the area offers a very peaceful and relaxing environment. A quality of life that is often considered unrivaled compared to the rest of Florida.

Tips for Finding a Beachfront Home in Florida

Final advice before you dive headfirst into looking for your future home.

The first thing to note is that a "cheap" house can cost you more money in the long run. And yes, because a seaside house is, by definition, a house that faces sometimes extreme weather conditions. This requires maintenance and renovations.

But if you make the mistake of going for the cheapest, you potentially run the risk of buying a property that will cause you many problems in the future.

The last point we must address is insurance. You must be vigilant and properly insure your property. As you know, the region is subject to violent hurricanes from time to time.

Don't panic! Insurance is there to reduce risk; you must ensure that you are fully covered (hurricanes, floods, etc.).

Know the cost of insurance in advance so you can budget accordingly.